Eastern Illinois University Revised Course Proposal BUS 2710, Survey of Finance

Transcription

1 Eastern Illinois University Revised Course Proposal BUS 2710, Survey of Finance Agenda Item #15-71 Effective Summer 2015 Banner/Catalog Information (Coversheet) 1. New Course or X Revision of Existing Course 2. Course prefix and number: BUS Short title: Survey of Finance 4. Long title: Survey of Finance 5. Hours per week: 3 Class 0 Lab 3 Credit 6. Terms: Fall Spring Summer _X_ On demand 7. Initial term: Fall Spring X_ Summer Year: Catalog course description: A practical framework for corporate financial decision making. Topics include: acquisition, allocation, and management of funds and asset valuation methods. The course is not open to Business Majors. 9. Course attributes: General education component: None Cultural diversity Writing centered Writing intensive Writing active 10. Instructional delivery Type of Course: X Lecture Lab Lecture/lab combined Independent study/research Internship Performance Practicum/clinical Other, specify: Mode(s) of Delivery: X Face to Face X Online Study Abroad X Hybrid, specify approximate amount of on-line and face-to-face instruction: A maximum of 49% of this course will be online. 11. Course(s) to be deleted from the catalog once this course is approved. No deletions are planned. 12. Equivalent course(s): None a. Are students allowed to take equivalent course(s) for credit? Yes No 13. Prerequisite(s): BUS 2101 a. Can prerequisite be taken concurrently? Yes _X_ No b. Minimum grade required for the prerequisite course(s)? Minimum Grade D c. Use Banner coding to enforce prerequisite course(s)? _ X_ Yes No

2 d. Who may waive prerequisite(s)? No one Chair Instructor Advisor X Other (specify): Associate Chair 14. Co-requisite(s): None 15. Enrollment restrictions a. Degrees, colleges, majors, levels, classes which may take the course: All degrees, colleges and majors, exception: NOT OPEN TO BUSINESS MAJORS. b. Degrees, colleges, majors, levels, classes which may not take the course: Business majors may not take this course. 16. Repeat status: X May not be repeated May be repeated once with credit 17. Enter the limit, if any, on hours which may be applied to a major or minor: Grading methods: X Standard CR/NC Audit ABC/NC 19. Special grading provisions: Grade for course will not count in a student s grade point average. Grade for course will not count in hours toward graduation. Grade for course will be removed from GPA if student already has credit for or is registered in: Credit hours for course will be removed from student s hours toward graduation if student already has credit for or is registered in: 20. Additional costs to students: None Supplemental Materials or Software: None Course Fee X_No Yes, Explain if yes 21. Community college transfer: _X A community college course may be judged equivalent. A community college may not be judged equivalent.

3 Rationale, Justifications, and Assurances (Part I) 1. _X_Course is required for the major(s) of Family Consumer Sciences Financial Literacy Concentration _X_Course is required for the minor(s) of Business Administration, Financial Literacy Course is required for the certificate program(s) of Course is used as an elective 2. Rationale for proposal: This update is an update to the existing course with changes to allow it to be taught in an online environment. 3. Justifications for (answer N/A if not applicable) Similarity to other courses: This course is similar to BUS 3710 but designed for students that do not seek a major from the School of Business. Prerequisites: BUS 2101 provides basic financial accounting skills that are used in this course. Co-requisites: N/A Enrollment restrictions: BUS 2710 is a survey course of financial principles appropriate for students minoring in business, but students majoring in Business (Accounting, Finance, Management, Marketing, and Management Information Systems) are required to take the more intensive problem-solving and applications course, BUS 3710 Business Financial Management. Writing active, intensive, centered: N/A 4. General education assurances (answer N/A if not applicable) General education component: Not a general education course. Curriculum: N/A Instruction: N/A Assessment: N/A 5. Online/ delivery justification & assurances (answer N/A if not applicable) Online justification: Offering and instructing this course through an online model allows and increases the enrollment probability of students in the summer semester who have moved away from campus and may attempt an equivalent course at another institution. An online course gives EIU the opportunity to market to these students as well as other students interested in taking the course in an alternative format. Instruction: Lectures from the face-to-face courses may be recorded and posted online for students to view. Other online components (e.g., tutorials, videos, discussions) will be included. All faculty who will deliver this course online are/will be OCDI (or appropriate equivalent) trained. Integrity: Students will take quizzes and exams through an online test taking monitoring system, or they will take them supervised at a community college in their area. Interaction: At the discretion of the faculty, provisions and requirements would vary but generally will utilize , Web-Based Discussions, and Web-conferencing.

4 Model Syllabus (Part II) Please include the following information: 1. Course number and title: BUS 2710 Survey of Finance 2. Catalog description: A practical framework for corporate financial decision making. Topics include: acquisition, allocation, and management of funds and asset valuation methods. The course is not open to Business Majors. 3. Learning objectives. Upon successful completion of the course, students will be able to: 1. Explain the objective of the firm and understand financial management to achieve the objective of the firm. (CT 1, CT 2) 2. Identify the basics of financial markets, interest rates and taxes. (CT 1-3) 3. Perform an accounting review and a statement analysis. (CT 1-3,QR 1-3) 4. Explain the time value of money and apply discounted cash flow techniques in problem solving. (QR 1-3) 5. Analyze the determinants of asset valuation and apply quantitative asset valuation techniques to simple securities such as bonds and common stock. (QR 1-3) 6. Describe the investment decision of the firm and understand capital budgeting decision rules that relate to investment decisions of the firm. (QR 1-3) 7. Explain the basic concept of risk and return, the risk/return tradeoff and how it applies to financial decision making and portfolio construction. (QR 1-3, CT 1-3) 8. Describe the theory and determinants of the firm's capital structure and the underlying cost of capital. (CT 1-3) 4. Course materials. Essentials of Corporate Finance, 7th Edition by Stephen Ross, Randolph Westerfield and Bradford Jordan 5. Weekly outline of content. Course Outline Weeks of coverage Topic Hours On Topic 1 Introduction to finance- includes the finance function and the 2.5 role of the financial manager and objective of the firm 2 Financial markets interest rates and taxes Accounting review and statement analysis Time value of money and related topics Stock/Bond/security valuation 5 9 Cost of capital Capital budgeting and investment decisions 5 12 Capital Structure Theory Risk and Return 5 15 Exams/tests 2.5 Final Exam 2 hour exam Total hours 37.5 hours + 2 hour final exam 6. Assignments and evaluation, including weights for final course grade. Grade Components Points Percent of Grade Exams 400 points 80 % Homework / assignments 50 points 10 % Quizzes 50 Points 10 %

5 7. Grading scale. This course will use a standard grading scale (90-100% = A; 80-89% = B; 70-79% = C; 60-69% = D; 59% and below = F.) 8. Correlation of learning objectives to assignments and evaluation. Objective Exams Homework & Quizzes Assignments 1. X X X 2. X X X 3. X X 4. X X X 5. X X 6. X X X 7. X X X 8. X X Date approved by the discipline: January 14, 2015 Date approved by the department or school: January 28, 2015 Date approved by the college curriculum committee: February 25, 2015 Date approved by the Honors Council (if this is an honors course): Date approved by CAA: March 12, 2015 CGS: Not Applicable